The uncertain nature of the crypto space has brought some of the best cryptos to buy now back into the spotlight. Cardano has gained a lot of attention with the recent exponential increase in its TVL. At the same time, the sudden increase in BONK’s price and market cap pushed the meme coin into the top three dog-themed coins. Talking about Avalanche, the depressed address count has seen massive growth after the massive buildup of Star Arena. Analysts are looking at what’s next for these 3 altcoins.
ADA made a magnificent attack: The bulls are strong but…
Cardano (ADA) is currently at a yearly high. The altcoin price encountered resistance at $0.6, which remains stable. However, he managed to overcome this. After breaking the $0.45 resistance, a significant Total Locked Value (TVL) surge did the trick. As it broke through the $0.5 price barrier, the bullish sentiment increased, encouraging optimism for further gains. The Relative Strength Index (RSI) stands at 89. Additionally, it indicates an upward trend. However, caution should be exercised as the risk of overvaluation may indicate a potential bear market in a short time.
ADA price chartAt press time, the altcoin was trading at $0.628. This represents an increase of 22.3% for ADA in the last 24 hours and 61.6% in the last 7 days.
New dog meme coin BONK is taking it by storm
As you follow from Kriptokoin.com, meme coin BONK is currently undergoing a strong upward movement. The altcoin price exponentially reached $0.0000145 (ATH). Notably, the previous high of $0.0000100 turned into a support level. The Relative Strength Index (RSI) is at 91. This points to the overbought zone. Additionally, the Moving Average Convergence Divergence (MACD) shows extended green histograms. This indicates a strong upward momentum.
BONK price chartAt the time of this writing, BONK was trading at $0.00001432 with a 24-hour trading volume of $155 million. This represents a gain of 9.62% over the previous 24 hours. Additionally, the altcoin recorded an increase of 217.9% in the last 7 days.
Avalanche (AVAX), the altcoin loved by Turks, exploded!
AVAX’s price action recently made a breakout from the ascending triangle formation. Thus, it broke the resistance at $22.7. Following this pattern violation, AVAX witnessed a sudden increase of 23.74% on the same day. Over the past 7 days, the altcoin token has recorded a remarkable 53% increase throughout the day. Thus, it experienced exponential growth. In addition, the Relative strength index (RSI) stands at 86. This indicates an overbought market. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing high green histograms. This indicates the existence of bullish momentum.
AVAX price chartAt the time of this writing, the altcoin price was trading at $33.63. AVAX’s last 24-hour trading volume was $1.9 billion. The token recorded a significant price increase of 22.3% in the last 24 hours.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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